Scaling down customs duty of medical devices in Union budget to increase healthcare affordability, says MTal
The increase in the turnover limit to INR 400 Crore under the 25 per cent tax slab is in line with the government's commitment in the Union budget 2015 to make Indian companies more competitive on the global business platform.
Kolkata: Mr Pavan Choudary, Chairman and Director General, Medical Technology Association of India (MTaI), today said, " Reduction in Customs duty of medical devices in the Union budget would have furthered the government's objective of increasing healthcare affordability and accessibility, which, through Ayushman Bharat it is already trying to achieve. "
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In a statement, he also said, " The increase in the turnover limit to INR 400 Crore under the 25 per cent tax slab is in line with the government's commitment in the Union budget 2015 to make Indian companies more competitive on the global business platform. "
" This will also lead to an increase in compliance and also attract more investment to India, " he added.
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